Antimony Resources (ASX:ANT) is targeting US funding, offtake, and partnership opportunities after its US subsidiary, Strategic Minerals, was accepted into the Defense Industrial Base Consortium (DIBC).
The consortium supports collaboration between industry, government, and research institutions in sectors considered strategically important to the US, including critical minerals.
Membership provides a platform to engage with US government agencies, the defence industry, processors, and strategic partners working to strengthen secure supply chains.
Executive Chairman Shane Menere says the acceptance is an ‘important step’ in positioning the company within the US critical minerals and defence supply chain.
“It provides us with a recognised platform to pursue funding, procurement, offtake, and strategic partnership opportunities as the US urgently seeks to secure sources of antimony,” Menere states.
The membership supports a North American antimony supply strategy built around three assets:
The Tecomatlán Processing Plant in Mexico is progressing towards first antimony concentrate production as a regional hub.
Second, the Los Lirios Antimony Project in Mexico, about 50km from the plant, is being advanced towards a maiden mineral resource as a potential proprietary feed source.
Lastly, the 100%-owned Dollar and Milton projects in Nevada, US, provide direct US exposure and are being prepared for first drilling programs.
“Together, these activities give ANT a credible pathway to become an important North American supplier of antimony,” Menere adds.
Antimony is a designated critical mineral in the US, EU, and Australia, with uses in defence applications, munitions, energy storage, flame retardants, and advanced manufacturing.
The company notes that DIBC membership does not, of itself, guarantee any contract, funding, or offtake.
ANT says it is funded through the planned proof-of-concept phase and intends to pursue select strategic and offtake partnerships beyond that stage.
Antimony Resources, formerly EV Resources, is an Australian critical minerals developer advancing antimony production and exploration assets across Mexico and the US alongside copper-silver tenure in Peru.
Write to JC Villarba at Mining.com.au
Images: Antimony Resources
